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$640k and gone?

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  • jazz
    Senior Member
    • Jul 2018
    • 9308

    $640k and gone?

    Realtor bugging me since last fall. Called again. $640k per quarter or $130 an ac while I think about it.

    Did SK say magic number was $600k?

    Absolutely nuts for land this yr. listing last 5 days and gone. Farmers losing their minds over $18 canola.
  • Freightshaker
    Member
    • Jan 2020
    • 89

    #2
    Realtors phoning the old guys here. $750k/quarter is getting tossed around. No takers yet.

    Comment

    • Robertbarlage
      Senior Member
      • Feb 2014
      • 1242

      #3
      Not sure but driving around most of sask this week but is there any water anywhere? Just some small few mile stretches with lots snow but places that usually have tones don't have any.

      Comment

      • blackpowder
        Senior Member
        • Feb 2010
        • 9241

        #4
        Winter deals here at $5-5500. One bto had 4 cats pushing. Not sure if a realtor has done a land deal here in ages. Maybe for outsiders or hutterites.
        No run off anywhere.
        Trick is to not run out of money before you run out of time.
        No big panic for my change as long as interest stays low.
        Land ownership isn't like stocks.
        Once you're out, your out. Only a few who let $1000 stuff go hack in the 80s could come back in at $700 later. Interest the bigger factor then.
        Last edited by blackpowder; Mar 14, 2021, 10:15.

        Comment

        • shtferbrains
          Senior Member
          • Jun 2017
          • 5176

          #5
          Originally posted by blackpowder View Post
          Winter deals here at $5-5500. One bto had 4 cats pushing. Not sure if a realtor has done a land deal here in ages. Maybe for outsiders or hutterites.
          No run off anywhere.
          Trick is to not run out of money before you run out of time.
          No big panic for my change as long as interest stays low.
          Land ownership isn't like stocks.
          Once you're out, your out. Only a few who let $1000 stuff go hack in the 80s could come back in at $700 later. Interest the bigger factor then.
          Are you getting any South African coming in at those valuations?

          Some buying here on the nice stone free flat easy to farm land.

          Comment

          • Taiga
            Senior Member
            • Jul 2018
            • 1459

            #6
            Originally posted by blackpowder View Post
            Winter deals here at $5-5500. One bto had 4 cats pushing. Not sure if a realtor has done a land deal here in ages. Maybe for outsiders or hutterites.
            No run off anywhere.
            Trick is to not run out of money before you run out of time.
            No big panic for my change as long as interest stays low.
            Land ownership isn't like stocks.
            Once you're out, your out. Only a few who let $1000 stuff go hack in the 80s could come back in at $700 later. Interest the bigger factor then.
            Once you are out, you are out is certainly true.
            Can’t beat this lifestyle in my opinion.
            I suppose one could take his winnings and move to an area where land is cheaper and start over but there is a reason the land is cheaper. Would probably shock some of the people who farm in the expensive zones to have to deal with some of the stuff that is dealt with farming in the lower valued zones.

            Comment

            • woodland
              Senior Member
              • Aug 2015
              • 1972

              #7
              Originally posted by Taiga View Post
              Once you are out, you are out is certainly true.
              Can’t beat this lifestyle in my opinion.
              I suppose one could take his winnings and move to an area where land is cheaper and start over but there is a reason the land is cheaper. Would probably shock some of the people who farm in the expensive zones to have to deal with some of the stuff that is dealt with farming in the lower valued zones.
              👍 Like

              Comment

              • fjlip
                Senior Member
                • Oct 2002
                • 9790

                #8
                Originally posted by wiseguy
                There's no where to go with money that I trust so might as keep investing in the Farm !
                That is the truth, RISKY as hell, paid for, own it, pass it on...

                Comment

                • blackpowder
                  Senior Member
                  • Feb 2010
                  • 9241

                  #9
                  Originally posted by fjlip View Post
                  That is the truth, RISKY as hell, paid for, own it, pass it on...
                  Agree. Sellers here have no one to pass it on to. More than you'd think.

                  Comment

                  • blackpowder
                    Senior Member
                    • Feb 2010
                    • 9241

                    #10
                    Originally posted by shtferbrains View Post
                    Are you getting any South African coming in at those valuations?

                    Some buying here on the nice stone free flat easy to farm land.
                    Foreigners/investors have never bought here as price always high compared to production i believe.
                    West of here the odd Dutch years ago.

                    Comment

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